Warburg Pincus-backed insurer sees more M&A in SE Asia
Regulatory changes in markets such as Indonesia and the Philippines are putting pressure on insurers to consolidate, according to the CEO of Oona Insurance.
![Warburg Pincus-backed insurer sees more M&A in SE Asia](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Fshutterstock_1347458039.jpg&c=1&h=677&q=100&v=20243027&w=1204)
Tougher regulatory requirements on capital held by insurers in different markets in Southeast Asia will increase pressure on entities to consolidate, a veteran industry executive said.
"These increasing capital requirements are a clear signal from regulators that they are encouraging only serious, long-term insurers in the industry," Abhishek Bhatia, founder and group CEO of Oona Insurance told AsianInvestor.
“The stringent nature of these requirements may lead to consolidation …
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